Asia Risk awards 2010: Private bank of the year

Asia Risk awards 2010: Private bank of the year

Asia Risk staff

22 Oct 2010

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Citi Private Bank boasts an impressive pan-Asian reach, holds among the three highest wealth management assets under management (AUM) of the private banks in the region with $165 billion in 2009, and claims to service one-third of Asia ex-Japan’s billionaires. While its footprint is impressive, Citi Private Bank has drawn criticism in the past from former clients who gave the private bank short shrift for pushy sales and a lack of consideration for client needs. However, the bank has taken note